And I hope you didn't find my comments too negative over at Warren Mosler's blog the other day. I made a New Year's resolution to be kinder to people this year - which means I only have a couple of days left to be an a-hole :)

Unemployment has become a lot like the weather. Everyone talks about it but no one really does anything about it.

One group of heterodox economists would like to change that. The Modern Monetary Theory school of economists would like to see the government act as an employment backstop. When people cannot find employment elsewhere, they would be able to turn to the government for a job.

But he basically thinks that it cannot work.

I think he is wrong for many reasons. But I would like to hear what other people have to say on this.